siameseparrot and co.You are repeating yourself .. which...

siameseparrot and co.

You are repeating yourself .. which justifies me doing the same here ..

Each to their own I suppose (and I wish you would stick to your own)

I guess..

We are taking a calculated punt that CTO will eventually get the production side of things right in the long run.

In the meantime it's getting other things right - Warrior has gone from a 40,000oz/annum plan to a revised 100,000 oz/annum plan after new reefs were discovered on the Western end.

That's a 250% increase ! .. not bad at all.

This also shows the resource modelling (at least at Warrior) was indeed conservative.
so it's increased my confidence(maybe other shareholders too) in the overall inferred 10 mill oz JORC resource.

so that's another tick.

We have also accepted this revised plan will entail a delay with the focus now on developing the Western Decline - which takes both time and money.
..but a nice 250% trade off if you are prepared to take on a long term view, which I am.

Also CTO is trading at 18.5 c and has an NTA of 27 cents and all the plant to get to the 100,000 oz/annum production rate and has little to no debt.
- it also has the biggest single JORC High Grade gold resource in Australia... and is ideally located with all the infrastructure there.
Cash costs will head down to $350/oz

so this should offer some downside protection - wouldn't you say..